Pakistan, China gets boost from China’s trade fair
Shaikh Muhammad Shariq, Vice
President of the National Bank of Pakistan (NBP) and Chief Representative in
China, highlighted the importance of the China International Fair for Trade in
Services (CIFTIS) as a key platform for enhancing financial cooperation between
Chinese and international banks.
Speaking at a seminar titled
“Investment in Pakistan,” Shariq noted, "This year’s fair not only
showcases innovative financial services but also facilitates meaningful
dialogues and partnerships to strengthen global financial ties, particularly
for NBP."
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He emphasized that as the National
Bank of Pakistan strives to navigate a more interconnected world, CIFTIS
provides a unique opportunity to explore collaborative ventures that can drive
mutual growth and stability in the financial sector. “NBP can leverage this
platform to showcase its services, connect with potential business partners,
and explore new avenues for collaboration with Chinese financial institutions,”
he added.
Shariq also shared the bank's
ongoing efforts in technology advancement, stating, "We are consistently
upgrading our technology to position ourselves as a digitally competitive,
agile, and secure bank, driven by data and innovation. The core banking
application upgrade will continue through 2024, along with further enhancements
to our cybersecurity. Significant investments in hardware and software will
persist throughout the year."
Source: Daily Times